Russian central bank holds rigid ruble policy

Oleg Vyugin, first deputy chairman of the Russian central bank, said on Monday 17November, "So far the Central Bank is not ready to use foreign exchange policy to a full extent to meet inflation target." His comments followed calls from the IMF to adopt a more flexible exchange rate policy to control Russia's high inflation rate.

Source: Reuters

The Central Bank said on Monday that it was not ready to opt for a more flexible exchange rate policy of the ruble despite calls from the IMF to allow

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